“opportunity cost”的概念、定义、翻译、参考文献-科学参考

opportunity cost

Geography

The second choice that you give up when choosing the best; for example, in choosing a better-paid job further away, commuting time is the opportunity cost. Carlino (1985; cited in Desmet and Fafchamps (2005) J. Econ. Geog. 5, 3) argues that, though the cost of moving goods has gone down through improved technology, the cost of moving people—as measured by the opportunity cost of time—has gone up. Baldwin and Okubo (2006) J. Econ. Geog. 6, 3 show that regional policies tend to attract the least productive firms since these have the lowest opportunity cost of leaving an agglomerated region; ‘the result is a “sorting effect” ’. See Willis et al. (1998) Transp. Res. D 3, 3 on land prices and social opportunity cost.

Philosophy

It is a general, but often relatively unnoticed, fact of economic life that spending on one product implies forgoing expenditure on another. Whatever is forgone is known as the opportunity cost attached to the original choice. See Bastiat, Frédéric.

Economics

The cost of something in terms of an opportunity forgone. Opportunity cost is given by the benefits that could have been obtained by choosing the best alternative opportunity. For example, for a farmer the opportunity cost of growing wheat is given by what they would have earned if they had grown barley, assuming barley is the best alternative. See also implicit cost.

单词	opportunity cost
释义	opportunity cost Geography The second choice that you give up when choosing the best; for example, in choosing a better-paid job further away, commuting time is the opportunity cost. Carlino (1985; cited in Desmet and Fafchamps (2005) J. Econ. Geog. 5, 3) argues that, though the cost of moving goods has gone down through improved technology, the cost of moving people—as measured by the opportunity cost of time—has gone up. Baldwin and Okubo (2006) J. Econ. Geog. 6, 3 show that regional policies tend to attract the least productive firms since these have the lowest opportunity cost of leaving an agglomerated region; ‘the result is a “sorting effect” ’. See Willis et al. (1998) Transp. Res. D 3, 3 on land prices and social opportunity cost. Philosophy It is a general, but often relatively unnoticed, fact of economic life that spending on one product implies forgoing expenditure on another. Whatever is forgone is known as the opportunity cost attached to the original choice. See Bastiat, Frédéric. Economics The cost of something in terms of an opportunity forgone. Opportunity cost is given by the benefits that could have been obtained by choosing the best alternative opportunity. For example, for a farmer the opportunity cost of growing wheat is given by what they would have earned if they had grown barley, assuming barley is the best alternative. See also implicit cost.
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